This is very important. "“Given the size of the mineral resource White Devil may, once additional development studies are completed and accepted by TCMG – a wholly owned subsidiary of Pan African Resources (PAR), become the first deposit to be classified as a Major Mine Deposit under our Joint Venture agreement. This will result in Emmerson retaining up to a 40% contributing ownership of the deposit rather than receiving a 6% gross production royalty since the deposit is greater than the 250,000oz gold threshold for classification as a “small mine”. "up to 40% contributing ownership" Will they retain the full 40%? I dont know how this is calculated. And they will have to pay development costs, maybe including up to 40% of past drilling by TCMG.
ERM Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)